Deutsche Bank raised the firm’s price target on ServiceNow (NOW) to $1,300 from $1,020 and keeps a Buy rating on the shares as part of a 2025 software sector outlook. Software will outperform in 2025 as a result of improving fundamentals, positive estimate revisions and modest multiple expansion over the course of the year, the analyst tells investors in a research note. The firm expects improving demand trends and artificial intelligence optimism to more than offset “slow-but-ramping” generative AI adoption, elevated capex, and an ongoing scaling-laws debate.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOW:
- ServiceNow price target raised to $1,200 from $1,000 at Piper Sandler
- ServiceNow price target raised to $1,210 from $1,045 at RBC Capital
- ServiceNow Implements New Executive Severance Policy
- Buy/Sell: Wall Street’s top stock calls this week
- ServiceNow initiated, Brinker upgraded: Wall Street’s top analyst calls
Questions or Comments about the article? Write to editor@tipranks.com